Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.


PartnerRe’s third-party capital assets surpass $1bn

PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has significantly grown its third-party capital assets under management, lifting them above $1 billion around the January 2021 renewals. PartnerRe has been managing third-party or alternative reinsurance capital for many years, with a successful quota share sidecar program and a range of read the full article →

Fresh ESG capital an opportunity for the ILS industry: Taylor, Ocorian

In a recent interview with Artemis, Ocorian Client Director Sherman Taylor explored how the insurance-linked securities (ILS) industry can incorporate ESG into its operations and what benefits this might bring. He expressed his optimism as he noted the total market capitalisation of new ILS issuances surpassed $15B in 2020, making it read the full article →

Alternative capital presenting “disciplined” competition: Munich Re

Global reinsurance player Munich Re had some positive words for the insurance-linked securities (ILS) market, suggesting that alternative capital sources in reinsurance are presenting "disciplined" competition at this time. In the past, major reinsurers, such as Munich Re, have opted to colour alternative reinsurance capital sources, ILS funds and their investors read the full article →

AXA lowers US hurricane, quake & aggregate reinsurance retentions at renewal

Global insurance and reinsurance group AXA has reduced its exposure to peak U.S. natural catastrophe events at the January 2021 renewals, lowering its retention for major hurricanes and earthquakes by one-third and its aggregate tower retention as well. AXA and in particular AXA XL, the commercial property & casualty insurance and read the full article →

Persistence of third-party capital owners affirmed: AM Best

While the entry of third-party, or alternative, reinsurance capital slowed after recent heavy catastrophe years and resulting challenges they brought, those difficulties also "affirmed the persistence of third-party capital owners," rating agency AM Best has said. Third-party capital has increasingly found its routes into the reinsurance market becoming easier, more efficient read the full article →

Allstate’s wildfire subrogation recoveries reach $605m

U.S. primary insurance giant Allstate has revealed that it expects to receive around $605 million in subrogation recoveries on claims related to the California wildfires, with a significant percentage already booked. Previously, Allstate had reported $450 million of PG&E related subrogation related to California wildfires claims, which included subrogation due on read the full article →

ILS market risks an ESG “credibility gap” – Synpulse

The insurance-linked securities (ILS) marketplace could put itself at risk of a potentially damaging “credibility gap” if it over promises on environmental, social and governance (ESG) alignment, Synpulse Management Consulting has warned. During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse Management Consulting to conduct a survey read the full article →

Best of Artemis, week ending 21st February 2021

Here are the ten most popular news articles, week ending 21st February 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read the full article →

Peak Re renewed Lion Rock Re sidecar at $107m for 2021

Hong Kong headquartered global reinsurer Peak Reinsurance Company Limited (Peak Re) has now revealed that it successfully renewed its Lion Rock Re fully collateralised reinsurance sidecar at a larger size of $107 million for 2021. As we reported back in January, Peak Re was in the process of renewing its sidecar read the full article →

Aon & Willis Towers Watson merger to “significantly lessen competition”

The Aon and Willis Towers Watson (WTW) merger will "significantly lessen competition" in the supply of commercial risk, reinsurance and employee benefits broking, the Australian Competition & Consumer Commission is concerned. The Australian Competition & Consumer Commission (ACCC) is not the first to raise significant concerns about the merger, as similar read the full article →